FDIC & NCUA
Covered up to $250,000.00 per person if My Banking Direct fails.
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Savings · USA
My Banking Direct
High Yield Savings Account
Top rate in USA
4.35%
AER · fixed rate
- Min. Deposit
- $500.00
- Term
- 1 year
- Protection
- FDIC & NCUA
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What $25,000.00 Earns You
At 4.35% AER over 1 year. Take the interest once a year, or leave it in to compound.
| You Deposit | $25,000.00 |
|---|---|
| Paid Once a Year | $1,087.50 |
| Total Interest | $1,087.50 |
| Balance at the End | $26,087.50 |
Each $1,087.50 interest payment is paid to you directly, and $1,087.50 is what they add up to over the term. The figure at the end is your initial investment of $25,000.00 paid back plus your final interest payment.
| You Deposit | $25,000.00 |
|---|---|
| Total Interest | $1,087.50 |
| Balance at the End | $26,087.50 |
No interest is paid out to you during the investment period, so your final return will include your initial investment of $25,000.00 plus $1,087.50 interest.
Where You Stand
Product Details
- Type
- Savings
- Term
- 1 year
- How Interest Is Paid
- Once a year Left to compound
- Min. Deposit
- $500.00
- Protection
- FDIC & NCUA
- Coverage
- $250,000.00
- Region
- USA
Eligibility & Details
- FDIC-insured via New York Community Bank.
- $500 minimum balance to earn stated APY.
- Online bank, no physical branches.
Happy Saver is a comparison site, not a financial adviser. Figures use a $25,000.00 example at 4.35% over 1 year, compounded annually where shown. Confirm all terms with My Banking Direct before you commit.
4.35%
AER fixed
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